ECOBANK token model

So we are fresh off a meeting of the ECO development Bank SAS here in Colombia. I am feeling ever more confident in our steps forward with our land backed token project. The ECO development bank SAS 'management team' will run the FinTech/Legal model behind the company which makes this all possible.

Keep up to date with all relevant information on the dedicated feed.

Today I would like to put forward a more exact model of what we are planning to do - all numbers are still up for revision but expect the final version to look a lot like this.

Build an ECOLOGICAL Resort Hotel with us!

The construction of a resort/hotel will yield opportunities to produce cash flow due to good tourism placement and increasing local demand. We are tokenizing 'shares' in this enterprise and are offering to you the opportunity to get in on the ground floor. This token is a security, we expect to do everything possible to make it a profitable one. If you buy our token we assume it is legal and appropriate for you to do so for you in your own place of existence.

ECOBANK token

Platform: Hive-Engine
Initial emission: 250,000
Presale value: $1.10
Minimum sold in Presale to launch: 45,000
Maximum available in Presale: 125,000 (50%)
Accepted currencies during presale: USDC, LTC, HIVE, HBD

Token holders will be divided into two groups.

Full Members

These members have more than 100 tokens and have submitted a copy of their passport in private to @ecoinstant. These investors will receive full benefits and at a certain level may become eligible for complete residency in Colombia on an Investor Visa.

Anonymous Members

These members are identified only by their HIVE account, and will be represented in legal matters by a local representative to be nominated in the future. These members will nonetheless share in all dividend payments from hotel/resort profits. Anonymous members can become full members at any time through a manual process contacting @ecoinstant.

Governance

20% of the profits of each year managing the resort/hotel will be retained in a reinvestment fund. Of the 80% remaining, token holders will decide (through a digital voting mechanism of my choice) what percentage of the profits should be distributed in liquid dividend payment or reserved for reinvestment.

Token holders will also be called to vote on proposals put up by the management team (or proposed to the management team, but at the discretion of the management team) about possible reinvestment projects.

LAND?

I purchased 5 hectares, or 12.5 acres to put into this project, but in the process of mapping it out and exploring the area, the seller decided he liked the idea of the project so much that he would put in 5 hectares as well. The area has some special characteristics that we believe will add value as a resort attraction that includes building out an 'ecological walking path'. The destination will also serve as an information point to all further tourist options into the mountains, as we are situated at the main eastern entrance to the Ruiz Mountain.

We have made some maps, and are looking at the white area shown in this image:

image.png

The yellowish curve is the main road, red a transmission line, and green and yellow the rest of the cow pastures.

The land will be put up to the project for tokens as well, in the following manner:

10 hectares of land at $11,800 = 10,727 tokens per hectare.

Token Distribution

So we can now finalize token distribution as follows:

Land (25 acres/10 hectares): 107,270 ECOBANK tokens
Architect: 4800 ECOBANK tokens
Management - Legal: 3000 ECOBANK tokens
Management - Administration: 3000 ECOBANK tokens
Management - Technical: 3000 ECOBANK tokens
Licensing and Permits - 2700 ECOBANK tokens
Planning Fees - 1230 ECOBANK tokens

Presale 125,000

Total - 250,000

Presale Date: January 15th

The Presale will be a private sale, conducted by me, @ecoinstant. The funds will be converted to Colombian Pesos and made available for the immediate construction of at least 7 modules, more information to come on that including designs and revisions.

Additional Token benefits

The additional benefits granted by VIP status, from the price of beer to the price of a room or other tourist services, cannot be stipulated at this point, but it should be noted that it is our every intention to consider from the very beginning being able to offer the very best treatment for our members to come and utilize the resort they are investing in.

This may include additional project sub-tokens and/or airdrops.

Any Questions? Please ask!



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49 comments
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pixresteemer_incognito_angel_mini.png
Bang, I did it again... I just rehived your post!
Week 85 of my contest just started...you can now check the winners of the previous week!
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Better save some more money for tokens. Would definitely travel there 1 day.

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I'll buy some tokens when it goes live. I just hope I don't forget.

Posted Using LeoFinance Beta

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I will keep posting about it! Some airdrop for INCOME token holders as well, working on the details, it will come from my personal tokens.

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Thanks for the heads up. I only hold 1 INCOME token that I bought when the price was cheap (1.6 HIVE) and I am pretty sure it was a profitable buy. I only wish I bought more.

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Looks great…. This is what blockchain was made for

Can’t wait for the pre sale

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Your proposal is very interesting. I think more should be involved in Eco projects.

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The next level of token prpjects will have real world assets backing them!

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Ok, I am throwing 500$ to this 👀🥂

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How long do you think it would take after token sale is over, for the first revenues to start rolling in?

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Important question - deserves its own post...

A few points - we have a group interested in coming in March, I hope we are ready. Revenues can start as soon as the first building goes up.

Profits will be distributed each year.

I hope to be able to use the non-sale account backing and perhaps some sub-token value ideas to generate value for holders within the year.

Some of these ideas will have official posts made before presale starts.

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(Edited)

Sounds nice!

Will it be a hive engine token btw? If yes, I'd urge you plz not! It's a really interesting idea, it would be a waste for the token to come with the limitations of hive engine (not being able to get listed on exchanges, CmC etc etc)

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I think I agree with this as well. Would be a really big limitation if this blows up. Unless there are plans to later bridge it to any of the other chains like BSC of course.

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Great news! Looking forward to the pre-sale.

Question: let's say a person has a South American and a European passport. For the purposes of this enterprise, is it better to submit one or another for full membership or it doesn't matter?

Posted Using LeoFinance Beta

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Ecobank crypto currency idea is good. How I wish is for every country. That's a good step for them.

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For the pre-sale is that something we will have to do directly through you in a transfer or will the tokens be available on the marketplace?

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Presale through me, after that they will be available in the market place.

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Is there a minimum purchase amount per order for the presale?

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I hadn't thought of that. Do you have an opinion or recommendation?

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Personally I'm not a fan of minimum huge buy-ins for pre-sales. It keeps the smaller fish like me from being able to get into projects they want to support with what they can.

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Sooo exciting!!!

Glad this is moving forward.

PUMPED!

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This is a genius way to finance land development. I wonder how much more of this we will see in the future :-)

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I hope this project is so successful we will see many imitators in the long run. These technologies give us so much potential to change the very real world around us, in positive ways!

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Oh yes, I wish you all of the success 👍

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What a great idea of application. This project would open up to many other possibilities! Will follow and see how this unfolds. Definitely saving to invest in this come Jan. 15. Thanks.

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Are there any updates on the National IDs? My only family member with a valid passport is a little bit young ATM.

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Well, I don't see a reason why this shouldn't work out well. Preferably, on next update, some land documents would be much appreciated, also, why do I feel making the acres an NFT to be purchased in this manner; buying Ecobank tokens with whatever, then forward buying the NFTs with Ecobank Tokens. This, I believe will make it much more unique, but additional, some legal movements has to be in place to support that owning this said NFTs means owning the acres.

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Sounds like buying shares via the stock markets will become old fashioned...

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This is a great dream in a world desperate for new models!

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This is a very good and ambitious project, I wish you much success with it!

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Can i just get 100 or more shares but not have to give any info?

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This is exciting. Definitely throwing in some cash into the presale.

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(Edited)

PIZZA! PIZZA!

PIZZA Holders sent $PIZZA tips in this post's comments:
tokenizedsociety tipped ecoinstant (x1)
@braaiboy(1/5) tipped @ecoinstant (x1)

You can now send $PIZZA tips in Discord via tip.cc!

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I dunno why I'm only finding out about this project now (been following you forever, and involved in a few of your other projects/tokens #FacePalm).

Anyway... glad I found it... sounds awesome!

Just traded some "dormant coins" for $HIVE... and will be holding them until the 15th PRE-Sale.

!BEER
!WINE
!PIZZA

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Awesome @braaiboy ! You.might think about converting to HBD if we.get a huge pump coming up...or just hold it for the airdop 💃

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I was literally sitting here pondering that exact thing... IS $HIVE overvalued at ~ $1.70 today?

a) I could leave it as $HIVE (and score an extra bit of Ragnarok/SPK on the 6th)... but risk a dump before the 15th
vs
b) Convert to HBD and make sure I get the same value ECOBANK as I would today.

... hmmm... choices, choices :-)

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